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(Australia) Federal Environment Minister Peter Garrett has approved the first stages of the controversial Gunns pulp mill despite a recent report saying it is a high risk venture and may cost Tasmanians $300 million... read more »
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(Canada) With no other bidders on the horizon, an Indonesian forestry giant in need of sustainably produced fibre appears poised today to claim ownership of three pulp mills -- two of them in B.C. -- from insolvent U.S. forest company Pope & Talbot... read more »
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(Finland) UPM President and CEO: "We were hit by the unexpectedly sharp increase in wood and fibre costs, particularly in Finland. However, we were able to decrease our other variable costs year-on-year and the efficiency of our operations increased." read more »
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(Australia) Australian researchers say they have found a way to turn waste paper into crude oil. Scientists from the national research body, the CSIRO, and Monash University in Melbourne have developed a chemical process that turns low value materials, including forest thinnings and paper... read more »
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(New Zealand) Two people have been injured fighting a big fire at the Kinleith Pulp and Paper Mill in south Waikato. The fire, in a recycling plant, is endangering surrounding buildings and has spread to nearby scrub. read more »
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(Thailand/Japan) Nippon Paper Group Inc. said Monday it has signed a memorandum on a comprehensive tie-up deal with SCG Paper Public Co., Thailand's largest paper producer, in order to jointly expand their operations in countries including Thailand, Malaysia and Vietnam... read more »
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(India) Newly listed ABC Paper, a division of Amrit Banaspati Co., clocked net profit of Rs 30.20 million, on net sales of Rs 427.40 million for the quarter ended December 2007. read more »
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(Germany) Pöyry has been awarded an engineering contract by Propapier GmbH for its PM2 project at a new site in Eisenhüttenstadt, Germany. The project is subject to final permit approval. The value of the contract is about EUR 10 million. The new paper machine will produce about 650 000 t/a... read more »
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(Austria) Paper producer Mondi, Austria's largest with plants in Kematen, Ulmerfeld-Hausmening and Korneuburg, is planning to lay off 70-to-90 employees. Firm spokesman Wolfgang Brunner said that Mondi would draw up a social plan for affected workers... read more »
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(USA) Potlatch Corporation has reported financial results for the fourth quarter and full year ended December 31, 2007... read more »
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(France) Arjowiggins has completed the acquisition of Greenfield SAS, a French producer of FSC-certified pulp. Greenfield, formerly a subsidiary of Canadian paper manufacturer Cascades, produced around 130,000 tonnes of FSC-certified pulp in 2006 and achieved a turnover of about €60 million. read more »
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(USA) George P. Mueller, a giant of the Fox Cities paper industry, has died. He was 86. read more »
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(USA) The Board of Directors of Temple-Inland Inc. has declared a regular quarterly dividend of $0.10 per common share, payable March 14, 2008, to shareholders of record February 29, 2008... read more »
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(UK) M-real Corporation, part of the Metsäliitto Group, has agreed to sell its New Thames office paper mill located in Kemsley, UK, to DS Smith Plc. The selling price is GBP 60 million... read more »
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(Canada) Howe Sound Pulp and Paper Co's filing for creditor protection will have no material affect on parent Canfor Corp, a Canfor spokesman said on Thursday. read more »
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